Acquisition of Fire Safety Companies Leads to Upward Revision of 2026 Performance Guidance

APi Group Corp (APG) completed its acquisition of Onnix Fire Protection Services in Ontario, Canada, in June and then added Europe’s WTech Fire Group on July 1, prompting the company to raise its 2026 guidance for net sales and adjusted EBITDA. Following these two deals, APi Group now expects 2026 net sales of $8.6–8.8 billion and adjusted EBITDA of $1.177–1.237 billion—equivalent to roughly KRW 12 trillion and KRW 1.6–1.7 trillion, respectively. Separately, co-founder Martin E. Franklin sold 2 million shares in a block trade on June 11 at $42.08 per share, generating about $84.16 million (around KRW 120 billion) in liquidity, with no change to the company’s capital structure.

In May, APi Group’s subsidiaries issued $500 million of unsecured notes and increased their revolving credit facility to $1 billion to fund further acquisitions and share repurchases. In the third quarter of 2025, the company delivered its strongest quarterly performance to date and raised its full-year guidance, continuing growth driven by its core safety-services business.

Headquartered in New Brighton, Minnesota, APi Group is a global provider of fire and life safety, security, and elevator services. In North America and Europe, it offers fire protection system design, installation, inspection, and maintenance, as well as electronic security and elevator/escalator services. Because regulatory requirements mandate regular inspections and upkeep in the fire and life safety industry, demand remains relatively stable through economic cycles. APi Group has expanded by consolidating a fragmented market through strategic mergers and acquisitions.